European Commission to propose sanctions on Russia’s mining industry – media reports
European Commission to propose sanctions on Russia’s mining sector (Photo:Vladimir Patkachakov \ Unsplash)
The European Commission will propose a ban on new investments in Russia’s mining sector as part of a fresh package of sanctions against Moscow, the Financial Times newspaper reported on Dec. 6.
It is stressed the mining investment ban, which will have exceptions for some specific products, is part of a ninth EU sanctions package that officials will discuss with member states in the coming days and aim to have agreed by the end of next week.
The measure, if backed unanimously by the 27 EU states, also includes:
- export controls on civilian technologies that Brussels believes Russia is using to support its arms factories;
- a ban on transactions with three more Russian banks;
- targeted sanctions against another 180 individuals.
Earlier, the European Commission presented the ninth sanctions package against Russia to the EU member states.
Ukrainian Prime Minister Denys Shmyhal earlier said Ukraine expects that EU leaders would cut off Russian banks from the SWIFT payment system and introduce an EU travel ban for Russian citizens as part of that package.
Meanwhile, Ukrainian Foreign Minister Dmytro Kuleba urged the EU to hit Russia’s missile industry.
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